Northdale, Florida Housing Market Prices
Northdale Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% above the Florida median$350,004
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Median rent 7% above the Florida median$1,790
Housing Market Overview
| Metric | Northdale | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,004 | $311,338 | $248,835 |
| Price Trend (Annual %) | 21.0% | 11.2% | 7.5% |
| Median Gross Rent | $1,790 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Northdale is about 12% higher than in Florida. Rent is about 7% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Northdale, up about 21.0% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Northdale rose about 58.3% between 2015 and 2024, from $1,131 to $1,790. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Northdale.
Buying the median-priced home in Northdale costs roughly 16.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Northdale. The price-to-rent ratio in Florida is about 15.6.
| Metric | Northdale | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,004 | $311,338 | $248,835 |
| Median Household Income | $100,830 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.5 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Northdale rose about 327.2%, while median household income rose about 42.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Northdale | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.9% | 57.7% | 58.5% |
| Rental Rate | 26.4% | 27.7% | 31.2% |
| Vacancy Rate | 1.7% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Northdale has a homeownership rate of 71.9%, higher than the Florida average of 57.7%. Its housing vacancy rate is 1.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Northdale | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1988 | 1988 | 1978 |
| Median Number of Rooms | 5.9 | 5.2 | 5.5 |
The typical housing unit in Northdale was built around 1988. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Northdale, FL Housing Compared With Nearby Cities
How Northdale, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Northdale, FL | 24,991 | $350,004 #2/2 | $1,790 #1/2 | 73.1% #1/2 |
| Lake Magdalene, FL | 31,109 | $453,210 | $1,432 | 72.2% |
Frequently Asked Questions
Common questions about the housing market in Northdale, Florida.
What is the median home price in Northdale, Florida?
The median home price in Northdale, Florida is $350,004, higher than the Florida average of $311,338.
What is the average home price in Northdale, Florida?
The typical home price in Northdale, Florida, reported as the median sale price, is $350,004. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Northdale, Florida?
The median gross rent in Northdale, Florida is $1,790 per month, higher than the Florida average of $1,668.
What was the median gross rent in Northdale in 2020?
In 2020, the median gross rent in Northdale, Florida was $1,371 per month.
What is the price-to-rent ratio in Northdale, Florida?
The price-to-rent ratio in Northdale, Florida is about 16.3, meaning it would take roughly 16.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Northdale.
Are home prices or rent rising faster in Northdale, Florida?
Both home prices and rent are rising in Northdale, up about 21.0% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Northdale, Florida?
71.9% of households in Northdale, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Northdale, Florida?
The housing vacancy rate in Northdale, Florida is 1.7%, lower than the Florida average of 14.6%.
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